Ann: Binding Offtake Agreement Signed with Volkswagen Group, page-71

Volkswagen enters into strategic partnerships for the industrialization of battery technology
https://www.volkswagenag.com/de/news/2021/12/volkswagen-enters-into-strategic-partnerships-for-the-industrial.html#

Quotes translated with deepl.com: "Volkswagen Group further expands its expertise in battery technology, strengthens cost management and drives forward vertical integration of the battery value chain."

"Joint venture with Umicore planned for joint production of key materials for battery cells."

"Participation in 24M secures access to innovative dry coating process for cell production."

"Long-term supply agreement with Vulcan Energy Resources Ltd. for CO2-neutral lithium."

"The Volkswagen Group has entered into three further strategic partnerships, thus strengthening its position in the battery sector. The new partners are the leading materials technology group Umicore, the battery specialist 24M Technologies and the cleantech company Vulcan Energy Resources Ltd."

"Although the partnerships are independent of each other, they serve a common goal: the industrialization of battery technology and the large-scale production of even more sustainable, innovative batteries. The Volkswagen Group is systematically implementing its technology roadmap for the in-house development and production of battery cells, which it presented at the Power Day in the spring."

"In Europe alone, the Group plans to build six gigafactories by 2030."